Northwest Allen County Real Estate Weekly Market Report. Homes Sold In NWAC - 9/17 - 9/23/2012. Here is a look at what happened last week in the Northwest Allen County real estate market.
Homes Sold: 10
Average List Price: $185,200
Average Sales Price: $176,445 (95% of list price)
Median List Price: $142,400
Median Sales Price: $139,450
Lowest Sales Price: $18,000 (3 BR 1 Bath 1,536 Sq Ft home in Huntertown. This home was a complete gut job, which explains it's low price for the area)
Highest Sales Price: $689,900 (5 BR 5.5 Bath 4,772 Sq Ft home in Forest Glad Estates Subdivision. You should see the kitchen in this one!)
Average Days On Market: 110
What does this report tell us about the Northwest Allen County real estate market last week? It tells us that once again, homes are selling for close to list price. The $18,000 home is a shocker for me, even for a gut job. Somebody is going to have some serious sweat equity once that home is finished up. 8 of the 10 homes sold between $108,000 and $173,000. Having a home sell for $18,000 and another one sell for $635,000 shows you the variety of pricing in NWAC.
If you are considering buying or selling a home in Northwest Allen County in Fort Wayne, feel free to give us a call. We would love to help you!